Exchange Announcement

[Upbit] Maple Finance (SYRUP) New Trading Support Announcement (KRW, BTC, USDT Market)

Source
Exchange Announcement Bot

Summary

  • Upbit announced it will support new trading for Maple Finance (SYRUP) on the KRW, BTC, and USDT markets starting at 15:00, July 25.
  • Maple Finance (SYRUP) is a lending protocol where investors provide liquidity by depositing stablecoins, and institutional investors can borrow against this collateral.
  • SYRUP trading is only supported on the Ethereum Network. As digital asset investment may involve severe volatility and full capital loss, caution is advised.

Hello. This is Upbit, the most trusted global standard digital asset exchange.

We would like to inform you of the new digital asset trading support as follows.

| Digital Asset | Market | Network | Deposit/Withdrawal Start Time | Trading Support Start Time |

|----------------|----------------|----------|---------------------|---------------|

| Maple Finance (SYRUP) | KRW, BTC, USDT | Ethereum | Within 3 hours from the time of announcement | Scheduled for July 25th, 15:00 |

* Please be sure to check the network before depositing digital assets. Deposits and withdrawals via networks not listed are not supported. ### ※ Trading Restrictions The trading restriction price is determined based on the price provided by CoinMarketCap. - Buy restriction: Buy orders will be restricted for about 5 minutes after trading support begins. - Minimum sell price restriction: For about 5 minutes after support begins, sell orders at prices lower than -- 10% of the previous closing price are restricted. - Order type restriction: For about 2 hours after trading support begins, all order types except limit orders will be restricted. - Please check the table below for the previous closing price and recent market prices.

| Digital Asset | Previous Closing Price | Recent Market Price (as of July 25th, 11:10) |

| WCT | 717.1 KRW | 674.51 KRW |

| WCT |

| WCT |

|---------------|----------------|---------------------------|

| 0.0000044 BTC | 0.00000417 BTC |

| 0.5237 USDT | 0.4864 USDT |

※ Deposit Guidelines Deposits that cannot be processed may take a long time for the return process, so please check the guidelines carefully. - Only deposits and withdrawals via the indicated network (SYRUP-Ethereum) will be supported. Be sure to check the network before depositing. - The contract address for SYRUP supported by Upbit is [0x643C4E15d7d62Ad0aBeC4a9BD4b001aA3Ef52d66](https://etherscan.io/token/0x643C4E15d7d62Ad0aBeC4a9BD4b001aA3Ef52d66). Please check the contract address when proceeding with SYRUP deposits/withdrawals. - For travel rule compliance, if assets are deposited to Upbit from exchanges not included in the [List of Registrable Virtual Asset Service Providers](https://upbitcs.zendesk.com/hc/ko/articles/5048002559897), they cannot be processed, and returns may take a long time. - Deposits and withdrawals are only available with personal wallet addresses that have completed 'Ownership Verification.' Even if the deposit is made from a connected personal wallet, return processing may be necessary according to the network of the digital asset. - For large deposits of digital assets with unclear sources, verification of the fund’s origin may be requested. (Upbit Terms of Service Article 17, Section 8) ### ※ Additional Digital Asset \~\~SYRUP (Maple Finance)\~\~ > Maple Finance is a lending protocol that secures liquidity from general investors and lends it to institutional investors. General investors can deposit stablecoins to provide liquidity and earn, and institutional investors can use a service to borrow digital assets based on deposited collateral. The digital asset SYRUP is used on Maple Finance for governance and staking participation. > Website : [Maple Finance Official Website](https://maple.finance/) > X (formerly Twitter): [Maple Finance Official X](https://x.com/maplefinance) > Whitepaper: [Maple Finance Official Whitepaper](https://docs.maple.finance/) ✽ If the asset does not appear on the PC, please refresh the page (F5) and check again. ✽ If the asset is not visible on the Upbit App, please go to More > Display Settings > Refresh Coin Information and check again.

Investment Risk Notice

• Investing in digital assets is subject to extreme price volatility due to speculative demand and changes in domestic and international regulations. The responsibility for investment decisions lies with the investor, and any losses incurred are also borne by the investor. Please carefully review the project's website and public disclosures, thoroughly understand the characteristics of the digital asset, and trade with caution.

• Due to the nature of digital asset trading, price differences between domestic and international exchanges may occur continuously. Please be sure to pay attention to these price differences before investing in digital assets.

• Upbit takes various measures, such as setting a minimum order amount, to create a stable trading environment, but some members may receive order stabilization messages due to an overheated investment environment. This is an unavoidable measure to process prior orders and ensure stable service, so please take note.

※ Virtual assets are high-risk products and may result in loss of all or part of your investment.

*This information is automatically generated.

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